Putnam County Hospital is looking to fill a Corporate Officer Position as part of their Senior Leadership Team.
Position Title: Chief Financial Officer
The Chief Financial Officer directs and implements policies for the financial areas of the facility, including accounting, budgetary, audits, tax and other financial planning activities within the hospital organization, as well as provides management of respective department heads.
Job Summary: Directs the organization’s financial planning and accounting practices as well as its relationship with lending institutions, shareholders and the financial community. Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate and insurance activities for the organization. Directs the Controller in providing and directing procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services. Appraises the organization’s financial position and issues periodic financial and operating reports. Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports. Directs and analyzes studies of general economic, business and financial conditions and their impact on the organization’s policies and operations.
Participates in the facility’s long-term and short-term financial process.
Directs and participates in the development of accounting, admission, credit/collection and internal control policies and systems and addresses related policy/system issues.
Coordinates and controls the facility’s cash and investment management activities.
Provides advice and guidance as necessary in preparing and analyzing financial reports and executing appropriate responsive actions.
Assists in evaluating the adequacy of the hospital’s insurance coverage and in handling special/sensitive cases or problems and providing advice and guidance as necessary in preparing and analyzing risk management and insurance reports and appropriate executive responsive actions.
Serves as a liaison between the department directors and other hospital administrators/ managers in coordinating interdepartmental planning efforts and addressing major issues.
Coordinates and controls the facility’s short-term cash activities in accordance with established financial policies and objectives.
Evaluates data processing needs on an ongoing basis and adapts programs to changing needs.
Directs the hospital’s banks in executing cash management decisions and works with the appropriate investment managers in coordinating fund transfers and monitoring investment performance.
Recommends appropriate actions and strategies to respond to projected economic trends and/or regulatory changes.
Participates in the analysis of the financial implications of proposed capital projects and expenditures and recommends the execution of appropriate measures to respond to projected economic trends and/or regulatory changes.
Revenue cycle knowledge and problem solving
Leadership and management of Finance Department, Business Office, Registration, Network Services, Materials and Health Information (HIM) department.
Provides advice and assistance to department heads and managers in analyzing and interpreting financial data and reports and in presenting that information to their departments and/or physician groups.
Ensures that accurate information is provided on a timely basis and assists, as needed, in facilitating the efficient conduct of external audits, examinations and related financial projects.
Maintains regulatory requirements, including all state, federal and JCAHO regulations
Attends annual review and performs departmental in-services
Works at maintaining a good rapport and a cooperative working relationship with physicians, departments and staff.
Represents the organization in a positive and professional manner.
Attends committee, CQI and management meetings, as appropriate.
Resolves personnel concerns at the departmental level, utilizing the grievance process as required.
Ensures compliance with policies and procedures regarding department operations, fire, safety and infection control.
Effectively and consistently communicates administrative directive to personnel and encourages interactive departmental meetings and discussions.
Complies with all organizational policies regarding ethical business practices.
Communicates the mission, vision and values of the facility, as well as the focus statement of the department.
- Must have thorough knowledge of accounting, finance, reimbursement, budgeting, credit and collection as relates to healthcare.
- BS Degree in Accounting or Finance is required. CPA desirable
- Requires three to five (3-5) years of prior management experience in a hospital or healthcare setting.
- Excellent verbal and written communication skills
- Outstanding interpersonal skills including the ability to effectively communicate with persons throughout the organization, including clinicians and governing board members
- Knowledge of the principles and skills needed to provide fiscal control for a diverse set of healthcare services
- Ability to analyze and resolve complex issues, both logical and interpersonal